Ishares J.p. Morgan Usd Emerging Markets ETF Forecast

Red day on Monday for Ishares J.p. Morgan Usd Emerging Markets
(Updated on Jun 24, 2024)

XEB.TO Signals & Forecast

The Ishares J.p. Morgan Usd Emerging Markets ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $15.76. On a fall, the ETF will find some support from the long-term average at approximately $15.70. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -0.380%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Buy

Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, June 19, 2024 and based on theory for this formation the price should fall by -2.16% to $15.41 within 24 trading days since signal was issued (Wednesday, July 24, 2024).

Support, Risk & Stop-loss for Ishares J.p. Morgan Usd Emerging Markets ETF

Ishares J.p. Morgan Usd Emerging Markets finds support from accumulated volume at $15.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.266%

Our recommended stop-loss: $15.11 (-4.08%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (XEB.TO) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Ishares J.p. Morgan Usd Emerging Markets Bond Index Etf (cad-hedged) to open at $15.75, and during the day (based on 14 day Average True Range), to move between $15.68 and $15.82, which gives a possible trading interval of +/-$0.0652 (+/-0.41%) up or down from last closing price. If Ishares J.p. Morgan Usd Emerging Markets Bond Index Etf (cad-hedged) takes out the full calculated possible swing range there will be an estimated 0.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.74 (0.06%) than the resistance at $15.78 (0.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ishares J.p. Morgan Usd Emerging Markets Bond Index Etf (cad-hedged) ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ishares J.p. Morgan Usd Emerging Markets ETF to perform well in the short-term period.

Current score: 1.228 Buy Candidate Unchanged

Predicted Opening Price for Ishares J.p. Morgan Usd Emerging Markets Bond Index Etf (cad-hedged) of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.